Metro (TSE:MRU) PT Raised to C$75.00 at Desjardins

Metro (TSE:MRU) had its price target raised by equities research analysts at Desjardins from C$74.00 to C$75.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ target price suggests a potential upside of 5.68% from the stock’s previous close. Desjardins also issued estimates for Metro’s Q2 2024 earnings at $0.88 EPS and Q3 2024 earnings at $1.39 EPS.

MRU has been the subject of a number of other reports. Scotiabank decreased their price target on Metro from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a report on Monday. Royal Bank of Canada cut their price objective on shares of Metro from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 31st. National Bankshares increased their price objective on shares of Metro from C$80.00 to C$82.00 and gave the stock a “sector perform” rating in a research report on Thursday. BMO Capital Markets raised their price target on shares of Metro from C$73.00 to C$75.00 in a research report on Wednesday, January 31st. Finally, TD Securities raised their price target on shares of Metro from C$78.00 to C$80.00 in a research report on Thursday. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$77.86.

Metro Price Performance

TSE MRU traded up C$0.69 on Thursday, hitting C$70.97. 184,918 shares of the company’s stock were exchanged, compared to its average volume of 435,118. The stock has a 50-day moving average of C$72.19 and a 200-day moving average of C$70.61. The stock has a market cap of C$16.11 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 2.12 and a beta of 0.04. The company has a current ratio of 1.16, a quick ratio of 0.41 and a debt-to-equity ratio of 65.71. Metro has a 52 week low of C$65.43 and a 52 week high of C$78.88.

Metro (TSE:MRU) last issued its quarterly earnings results on Wednesday, April 24th. The company reported C$0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.91. Metro had a return on equity of 15.00% and a net margin of 4.81%. The firm had revenue of C$4.66 billion during the quarter, compared to the consensus estimate of C$4.63 billion. Analysts expect that Metro will post 4.2576393 earnings per share for the current year.

About Metro

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.